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UOB prices first sustainability bond offering from Singapore, raising US$1.5 bil
The bond is the inaugural issuance under UOB’s Sustainable Bond Framework which launched in March.
April 08, 2021
China Focus
Banking on China
SINGAPORE (Oct 28): It is no surprise that globally, all economies are slowing. The relentless attack on the logistics of free trade has an inevitable effect. The bears baying for China’s demise have found a new focus — China’s latest figures report
October 25, 2019
China’s big banks beat profit estimates as bad loans curbed
(Aug 30): Resilient economic growth and a government campaign against excessive leverage are helping China’s largest banks, curbing their bad loans and underpinning their net interest margins.
August 30, 2017
Fintech
China’s largest bitcoin exchanges to allow withdrawals again
SEATTLE (June 2): China’s three biggest bitcoin exchanges are ending a self-imposed moratorium on withdrawals, helping the cryptocurrency to resume its record-breaking rally.
June 02, 2017
China Focus
Pimco says China needs to get tougher in cat-and-mouse debt game
BEIJING (Feb 24): Beijing’s “cautious tightening signals” are largely being ignored by banks and at the local level, where attention is focused on maintaining steady economic growth, especially with key Communist Party meetings looming this year, ac
February 24, 2017
China Environment unit receives letter of demand from Bank of China
SINGAPORE (Oct 19): China Environment announced that wholly-owned subsidiary, Fujian Dongyuan Environmental Protection Co., has received a letter of demand dated Oct 12 from the Bank of China claiming the repayment of RMB56.1 million ($11.5 million) in ov
October 19, 2016
Perennial secures $1.3 bil financing for Phases 1 and 2 of Beijing Tongzhou development
SINGAPORE (Oct 3): Perennial Real Estate Holdings (PREHL) has secured loans totalling RMB6.4 billion ($1.3 billion) from the Bank of China for the development of Phases 1 and 2 of Beijing Tongzhou project.
October 03, 2016
China Focus
Tens of thousands of jobs go as China’s biggest banks cut costs
SHANGHAI (Sept 7): China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first half, highlighting the possibility that employment has peaked at the firms that are the world’s biggest providers of banking
September 07, 2016
BOC Aviation takes off on Hong Kong Exchange
SINGAPORE (May 31): BOC Aviation, Asia’s biggest aircraft lessor, will make its trading debut on the Hong Kong Stock Exchange (HKEX) on Wednesday. It will carry the stock code 2588 and trade in lots of 100 shares each.
May 31, 2016
Aviation & Engineering
Bank of China plane unit’s US$1.1 bil IPO shows Asia shift
NEW DEHLI (May 30): The skies above Asia will get more crowded during the next 20 years as airlines acquire planes to fly more passengers from developing economies. That timing couldn’t be better for aircraft leasing company BOC Aviation Ltd.
May 30, 2016